Fulton Bank N.A. Has $446,000 Stock Holdings in Moelis & Company (NYSE:MC)

Fulton Bank N.A. increased its position in Moelis & Company (NYSE:MC) by 100.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,043 shares of the asset manager’s stock after purchasing an additional 3,027 shares during the quarter. Fulton Bank N.A.’s holdings in Moelis & Company were worth $446,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MC. Reston Wealth Management LLC acquired a new stake in shares of Moelis & Company during the 3rd quarter worth approximately $26,000. GAMMA Investing LLC raised its position in shares of Moelis & Company by 115.8% during the 3rd quarter. GAMMA Investing LLC now owns 995 shares of the asset manager’s stock valued at $68,000 after acquiring an additional 534 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Moelis & Company by 193.0% in the 3rd quarter. Blue Trust Inc. now owns 1,081 shares of the asset manager’s stock valued at $74,000 after purchasing an additional 712 shares during the period. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Moelis & Company in the 3rd quarter worth $75,000. Finally, Benjamin F. Edwards & Company Inc. grew its stake in shares of Moelis & Company by 75.2% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,465 shares of the asset manager’s stock worth $83,000 after purchasing an additional 629 shares during the period. 91.53% of the stock is owned by institutional investors.

Moelis & Company Stock Performance

Shares of MC stock opened at $74.67 on Friday. Moelis & Company has a 52 week low of $46.24 and a 52 week high of $81.60. The company’s 50 day moving average price is $74.46 and its two-hundred day moving average price is $68.22. The company has a market capitalization of $5.59 billion, a P/E ratio of 140.89 and a beta of 1.39.

Moelis & Company (NYSE:MC) last issued its quarterly earnings data on Wednesday, October 23rd. The asset manager reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. The business had revenue of $273.76 million for the quarter, compared to analyst estimates of $273.58 million. Moelis & Company had a net margin of 4.22% and a return on equity of 12.15%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the business posted ($0.15) earnings per share. Analysts forecast that Moelis & Company will post 0.96 earnings per share for the current year.

Moelis & Company Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 4th were issued a $0.60 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.21%. Moelis & Company’s dividend payout ratio (DPR) is 452.83%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MC. Morgan Stanley raised Moelis & Company from an “underweight” rating to an “overweight” rating and increased their target price for the company from $66.00 to $92.00 in a research note on Monday, December 9th. Wells Fargo & Company lifted their price objective on shares of Moelis & Company from $70.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. UBS Group boosted their price objective on shares of Moelis & Company from $54.00 to $60.00 and gave the company a “sell” rating in a report on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods upgraded shares of Moelis & Company from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $71.00 to $86.00 in a report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Moelis & Company presently has an average rating of “Hold” and an average target price of $70.83.

Moelis & Company Company Profile

Moelis & Company operates as an investment banking advisory firm. It offers advisory services in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, and other corporate finance matters, as well as strategic, capital structure, and private funds advisory.